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Ditau Project - Rare-Earth Element Drill Targets
Ditau Project - Rare-Earth Element Drill Targets.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3733G\n Power Metal Resources PLC\n 29 March 2022\n \n \n \n 29 March 2022\n Power Metal Resources PLC\n (\"Power Metal\" or the \"Company\")\n Ditau Project Botswana - Rare-Earth Element Drill Targets\n \n Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces a update for the Ditau Project (\"Ditau\" or the \"Project\") located in southwestern Botswana.\n \n The Ditau Project is held by Kanye Resources Pty Ltd (\"Kanye Resources\"), a Botswana joint venture company in which Power Metal and Kavango Resources plc (\"Kavango\") (LON:KAV) each hold a 50% interest. \n \n \n \n \n Ditau is targeting rare-earth element (\"REE\") discoveries. A diamond drill rig is now being mobilised to the first drill location and drilling is expected to commence within the next few weeks.\n Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented: \n \"It is imperative for the world to find new sources of rare-earth elements in secure and stable mining jurisdictions. At Ditau, several years of preparatory work utilising modern remote sensing and various geophysical techniques have culminated in multiple high-priority exploration targets which we believe offer the potential for new discoveries of rare-earth element mineralisation within mining friendly Botswana.\n For Power Metal and Kavango to jointly launch another drill programme in Botswana demonstrates our confidence in the geological prospectivity across our project interests in country, and we look forward to the progression of this important drilling programme at Ditau and its findings.\"\n HIGHLIGHTS\n Kanye Resources has identified 12 airborne magnetic targets at Ditau of which 9 are clear ring structures that are believed to represent possible carbonatites that are considered by the Company to be prospective for rare-earth element mineralisation. Kanye is now commencing on a diamond drilling campaign which will include up to 6 deep drillholes (up to 2,400m estimated in total) targeting three of the highest priority targets identified to date:\n \n - The \"i10\" target, a discrete circular airborne magnetic anomaly of 2.2km diameter (a independent orientation study concluded that the magnetic source of the i1...